Procurement Market Intelligence Report
Gasoline
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Gasoline Global Overview
Definition
Summary
Gasoline is a transparent, petroleum-derived oil used as fuel for a range of internal combustion engines. The top buyers of gasoline include government agencies and consumers.
This Report Includes:
- Regular Gasoline
- Midgrade Gasoline
- Premium Gasoline
Not in this Report:
- Diesel Fuel
- Jet Fuel
- Biofuel
Classification:
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Global Gasoline Procurement Trends
Discover the top international trends affecting procurement in the global Gasoline market.
Warning Trends
Tariffs on fuel additives, lubricants, and anti-corrosive materials to increase costs in the sector
- On August 1, the Trump Administration finalized sweeping tariffs on most major US import partners, in addition to the already announced 25.0% and 35.0% tariffs on Mexico and Canada, and a 10.0% tariff on energy imports from Canada. According to the Energy Information Administration, Canada and Mexico account for 71.2% of US crude oil imports, 35.7% of US petroleum product imports, and 99.6% of US natural gas imports.
- These tariffs will increase both the cost of importing fuel additives, lubricants, and anti-corrosive materials and the cost of sourcing primary inputs necessary for making these products, affecting both international and domestic suppliers. However, reduced oil and gas demand tied to higher tariffs and a possible economic slowdown may counteract some of the tariff price increases in this market.
- Tariffs on steel and aluminum and falling oil prices are also increasing vendor risk for upstream suppliers in the sector; according to the New York Times, tariffs on steel have pushed up the cost of new oil and gas wells by 10.0% to 20.0%. According to S&P Global, oil country tubular goods, made from steel, are anticipated to rise 15.0% in price with the increase in tariffs, and because these expenses account for 8.0% to 10.0% of drilling and completion costs, the fuel additives, lubricants, and anti-corrosive materials supply chain will see increased risk of disruption.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Gasoline Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 15,590 |
| #2 India | 6,930 |
| #3 Europe | 6,185 |
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Geography Drilldown - US, Canada & Europe
Average Cost of Gasoline
United States
2026 Market Pricing$2.40 to $X.XX
per gallonCanada
Europe
Average Price
Prices in the Gasoline market range from $2.40 to $X.XX, depending on Regulation, Grade, Buyer-Supplier Relationship and Volume. For example, lower prices are associated with , whereas higher prices are associated with State and local taxes ($2.80 to $4.15 per gallon) and Additives ($2.80 to $4.00 per gallon).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Gasoline Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Gasoline market, prices in the US have declined -5.9% from 2022 to 2025. and --4.7% in Europe.
United States (2022-2025)
Canada (2021-2024)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Gasoline
Total cost of ownership is Low in the Gasoline market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Duties & Taxes may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Billed During
Storage
Unforeseen
Duties & Taxes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.6 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
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- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Oil Refiners
- Metal Tank Manufacturers
- Oil Pipeline Transportation Companies
2nd
Tier Suppliers
- Oil Drilling Companies
- Metal Stamping & Forging Companies
- Oil Pipeline Construction Companies
Biggest Gasoline Suppliers in the US by Revenue
The largest Gasoline vendors by revenue in the US are Valero Energy Corp, Marathon Petroleum Corporation and Phillips 66 Co. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | Global | SPRING | >10,000 | 10-15 | ||||
| Bp Plc | Global | LONDON | >10,000 | 10-15 | ||||
| Royal Dutch Shell Plc | Global | LONDON | >10,000 | 15-20 | ||||
| Marathon Petroleum Corporation | International | FINDLAY | >10,000 | 25+ | ||||
| Saudi Arabian Oil Co. | Global | Dhahran, SA | >10,001 | 5-10 | ||||
| Chevron Corp | Global | HOUSTON, CA | >10,000 | 5-10 | ||||
| Phillips 66 Co | Global | HOUSTON, TX | >10,000 | 5-10 | ||||
| Valero Energy Corp | Global | SAN ANTONIO, TX | 1,001-10,000 | < 5 | ||||
| Energy Transfer, Lp | International | DALLAS, TX | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Gasoline market is 2.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The average vendor's financial risk level is moderate due to the high costs associated with operating in the market and demand and supply shocks created by global events such as the Russian invasion of Ukraine.
Gasoline buyers face a high risk of supply chain disruptions that could impact prices, largely stemming from the high risk displayed by upstream raw material vendors. Most supply chain disruptions in oil and gas markets result from major global events such as the war in Ukraine.
Market share concentration for gasoline is high, with the top four vendors accounting for more than 50.0% of total market revenue. Such pricing power cuts into suppliers’ willingness to negotiate on the basis of price.
The United States is a net exporter of leaded and unleaded gasoline, meaning it exports more gasoline than it imports. Closer proximity to gasoline producers may result in shorter lead times, reduced shipping costs, and improved supply chain reliability.
Supplier Information
Bp Plc
Bp Plc is a public company operating globally in the manufacturing, manufacturing and finance and insurance sectors. The company's offerings include lubricating oils, jet fuel, diesel fuel, gasoline, bunker fuel. Founded in 1909, the company is currently headquartered in London, United Kingdom with an estimated... Subscribe to learn more
Exxon Mobil Corporation
Exxon Mobil Corporation is a public company operating globally in the mining, manufacturing, manufacturing and finance and insurance sectors. The company's offerings include refining catalysts, plasticizers, paraffins, lubricating oils, synthetic resins. Founded in 1999, the company is currently headquartered... Subscribe to learn more
Royal Dutch Shell Plc
Royal Dutch Shell Plc is a public company operating globally in the manufacturing, manufacturing, finance and insurance and other services (except public administration) sectors. The company's offerings include refining catalysts, lubricating oils, jet fuel, diesel fuel, gasoline. Founded in 1907, the company... Subscribe to learn more
Marathon Petroleum Corporation
Marathon Petroleum Corporation is an energy company engaged in downstream, midstream, and renewable energy. It organizes its business into three segments: the Refining & Marketing segment, which refines crude oil and other feedstocks at our refineries in the Gulf Coast, Mid-Continent, and West Coast regions;... Subscribe to learn more
Chevron Corp
Chevron Corp is a public company operating globally in the manufacturing and finance and insurance sectors. The company's offerings include lubricating oils, synthetic resins, jet fuel, diesel fuel, gasoline. Founded in 1879, the company is currently headquartered in SAN RAMON, California, United States of... Subscribe to learn more
Phillips 66 Co
Phillips 66 Co is a public company operating globally in the manufacturing sector. The company's offerings include lubricating oils, gasoline, bunker fuel, hydraulic oil, antifreeze. Founded in 1875, the company is currently headquartered in HOUSTON, Texas, United States of America with an estimated 13000... Subscribe to learn more
Saudi Arabian Oil Co.
Saudi Arabian Oil Co. is a public company operating globally in the manufacturing sector. The company's offerings include lubricating oils, polystyrene foam and gasoline. Founded in 1988, the company is currently headquartered in Dhahran, Saudi Arabia with an estimated employee count of over 10,000. Subscribe to learn more
Citgo Petroleum Corp
CITGO Petroleum Corporation is a private company operating nationally in the manufacturing sector. The company's offerings include lubricating oils, gasoline, hydraulic oil and greases. Founded in 1910, the company is currently headquartered in Houston, Texas, United States of America with an estimated 3400... Subscribe to learn more
Energy Transfer, Lp
Energy Transfer LP is a diversified midstream energy company in North America. It offers natural gas midstream and intrastate transportation and storage; interstate natural gas transportation and storage; crude oil, natural gas liquified (NGL), and refined products transportation, terminalling services, acquisition,... Subscribe to learn more
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Procurement Management KPIs for the Gasoline Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Current Ratio (Assets/Liabilities) and Defect Density. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Accuracy and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Current Ratio (Assets/Liabilities) |
|
Current assets Current liabilities |
The current ratio represents liquidity and can be used to determine a company’s ability to pay its short-term obligations. Suppliers with a more favorable current ratio are less likely to exit the market due to short-term financial distress. |
| Defect Density |
|
Number of units sold Number of Defective Units |
The defect density represents the share of defective products a company produces. Buyers can inquire about suppliers' defect density to determine the likelihood of receiving inferior gasoline products. |
|
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Inventory Control
What is your annual gasoline production capacity?
How much of your annual production is diverted to export markets?
Product Lines
What types of incentives are available if I bundle my request with a complementary product?
What types of complementary products or services, if any, can you provide to help me effectively manage my fuel consumption and costs?
Regulation
How do you ensure that your gasoline adheres to regulatory requirements?
How do you stay up to date on changes to the regulatory environment?
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Gasoline RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organization’s activities and state the industry in which they operate.
Buyers should list the types of vehicles or equipment that require gasoline.
Statement Of Need
Buyers should specify the grade, sulfur content and blend ratios that they require.
Buyers should indicate the volume of fuel that they wish to purchase, including the quantity and schedule for repeated deliveries.
Project Budget
Buyers should indicate their maximum budget for the contract.
Buyers should request a breakdown of the price differentials that they may face at different locations due to delivery distance and state and local taxes.
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
